The Way of the Lord Fellowship

Nonprofit profile at a glance

EIN
270127318
IRS 990 coverage
2021–2023
Forms available
Form 990 2023
Location
Richmond, VA, USA
Phone
8048527645
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$50,535
Expenses
$45,134
Assets
$894,628
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • ELLIS O HENDERSON (PSTOR): $5,475 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To nbsp; serve nbsp; affirm nbsp; and nbsp; empower nbsp; the nbsp; people nbsp; of nbsp; god nbsp; utilizing nbsp; the nbsp; word nbsp; of nbsp; god nbsp; as nbsp; a nbsp; means nbsp; to nbsp; build nbsp; the nbsp; kingdom nbsp; of nbsp; god nbsp; through nbsp; educational nbsp; enhancement nbsp; community nbsp; etiquette nbsp; and nbsp; entrepreneurial nbsp; development nbsp; within nbsp; the nbsp; maymont nbsp; community nbsp; of nbsp; richmond

What it reported doing in 2023

Pastorial services to parishoners

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Accountability: 64
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.7%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 19.82; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 12.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 53.8% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 36.7% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $45K in reported program spending
  • Leadership: top reported pay $5K · 5 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 16/100.